Baird Downgrades Stellus Capital Investment Corp to Neutral

Brokerage firm Baird Downgrades its rating on Stellus Capital Investment Corp(NYSE:SCM). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Baird was issued on Jul 14, 2016.

In a different note, On Apr 27, 2016, Janney Capital said it Assumes its rating on Stellus Capital Investment Corp. The shares have been rated ‘Neutral’ by the firm.

Stellus Capital Investment Corp (SCM) made into the market gainers list on Mondays trading session with the shares advancing 1.01% or 0.11 points. Due to strong positive momentum, the stock ended at $11.03, which is also near the day’s high of $11.0599. The stock began the session at $10.97 and the volume stood at 74,537 shares. The 52-week high of the shares is $11.59 and the 52 week low is $7.15. The company has a current market capitalization of $138 M and it has 1,24,79,960 shares in outstanding.

Stellus Capital Investment Corp has also declared a cash dividend of $0.1133 on Jul 11, 2016. The shares will quote ex-dividend on Jul 27, 2016 and the record date has been fixed on Jul 29, 2016. The dividend payable date has been fixed on Aug 15, 2016.

Stellus Capital Investment Corp(SCM) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $9.47M. Analysts had an estimated revenue of $9.34M. Earnings per share were $0.20. Analysts had estimated an EPS of $0.33.

Several Insider Transactions has been reported to the SEC. On Dec 22, 2015, Bruce R Bilger (director) purchased 4,976 shares at $9.89 per share price.Also, On Dec 22, 2015, Dean D’angelo (director) purchased 100 shares at $9.70 per share price.On Dec 15, 2015, Robert T. Ladd (CEO) purchased 12,451 shares at $9.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Stellus Capital Investment Corporation is an externally managed closed-end non-diversified management investment Company that has elected to be regulated as a business development company. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments in middle-market companies. The Company originates and invests primarily in private middle-market companies typically those with $5.0 million to $50.0 million of earnings before interest taxes depreciation and amortization (EBITDA) through first lien second lien unitranche and mezzanine debt financing with corresponding equity co-investments. The Company has $316.0 million (at fair value) in portfolio investments under management. Its portfolio consists of 54 investments in 32 companies. The Company’s investment activities are managed by Stellus Capital Management LLC an investment advisory firm.

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